LUTHERAN CHURCH HOME AT GREENFIELD… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

Christopher Koenig

Phone

7166840202

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN CHURCH HOME AT GREENFIELD INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

Our mission is to provide for the physical, social, and spiritual needs of the individuals we serve, in a Christian environment. GreenField Court is designed to serve seniors who need some assistance with their daily activities. GreenField Court is an assisted living facility with 49 units.

Program Service Accomplishments

Program 1

Expenses: $2,540,936 Revenue: $2,906,100

Greenfield Court is designed to serve seniors who need some assistance with their daily activities. Greenfield Court is comprised of 49 one and two bedroom apartments. The apartments have...

Greenfield Court is designed to serve seniors who need some assistance with their daily activities. Greenfield Court is comprised of 49 one and two bedroom apartments. The apartments have kitchenettes with a refrigerator, microwave, cupboards, and sink, as well as private bathrooms with walk in showers. Scheduled courtesy transportation, restaurant style dining, and a staff whose primary purpose is to provide service second to none are part of the package. Additional community features include fitness/wellness center, ecumenical worship and pastoral care services, creative arts studio, social, cultural, educational and recreational programs, beauty salon and barber shop, private dining rooms, centrally located elevators, library and quiet seating areas, gazebo, pond and walking paths, computer center, and a country store and cafe. During 2023 we provided services to 47 residents (580 months).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,615

Program Service Revenue $2,835,560

Investment Income $8,077

Other Revenue $70,540

TOTAL REVENUE $2,927,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $814,896

Fundraising Expenses $0

Program Expenses $2,540,936

Other Expenses $2,460,580

TOTAL EXPENSES $3,275,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,927,792	$2,769,068	+0.1%
Expenses	$3,275,476	$3,007,643	+0.1%
Net Income	$-347,684	$-238,575	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$648,274

Total Directors

$403,591

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher E Koenig	President/CEO and Board Member	5	Officer Director	$0	$30,908	$403,591
Steven Chizuk	Chief Financial Officer	5	Officer	$0	$30,947	$244,683
Mr Kenneth Fuerst	Board Member/Chairman	0.5	Officer Director	$0	$0	$0
Rev Michael Blackwell	Board Member	0.5	Director	$0	$0	$0
Ms Candyce Ingwersen	Board Member	0.5	Director	$0	$0	$0
Rev Thomas R Mason	Board Member	0.5	Director	$0	$0	$0
Ms Sharon L McGuan	Board Member	0.5	Director	$0	$0	$0
Rev Paul R Mertzlufft	Board Member	0.5	Director	$0	$0	$0
Patricia Frascogna	Board Member	0.5	Director	$0	$0	$0
Rev Carol Lankes	Board Member/Vice Chair	5	Officer Director	$0	$0	$0
Cary Haller	Board Member/Treasurer	0.5	Officer Director	$0	$0	$0
Mr Gerald C Saxe	Board Member/Secretary	0.5	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$2,927,792	$3,275,476	$1,605,488	$-347,684
2022	$2,769,068	$3,007,643	$1,874,476	$-238,575
2021	$2,601,266	$2,743,319	$1,652,269	$-142,053
2020	$2,756,762	$2,832,542	$2,093,751	$-75,780
2019	$2,733,270	$2,579,012	$1,987,865	$154,258
2018	$2,618,759	$2,587,128	$1,715,093	$31,631

LUTHERAN CHURCH HOME AT GREENFIELD INC